Welcome to the February 2017 Liv-ex newsletter
It might not come as a surprise that the fine wine market has been getting broader. 4,396 different individual wines traded on Liv-ex last year, an increase of 167% on 2010 when a narrow group of Bordeaux dominated. What is interesting is that these numbers have been boosted by buyers diversifying within the traditional fine wine regions. Two Liv-ex blog posts point this out here and here (charts included, of course). Market aside, you can find the key updates from Liv-ex in January below.
Penny for your thoughts?
Or how about a bottle of 100-point (RP) Marcassin Chardonnay 2001, this year’s members survey prize? For 2017 we have changed the style of the survey. Rather than asking about your company’s sales performance, we’d like to hear your views on Liv-ex. If you have two minutes to spare, you can take part here.
Bordeaux 2014 report
Last week, we published a special report on Bordeaux 2014. By applying ‘fair value’ analysis, we looked at which wines from the vintage might offer relative value now. Available exclusively as part of your Liv-ex membership, you can download the report here.
AWRS numbers needed
From April 1st, UK merchants will need to have registered their AWRS numbers with Liv-ex before selling Duty-Paid stock on the Exchange. This change is being made to comply with new regulations from HMRC. You can find out more about AWRS – the Alcohol Wholesaler Registration Scheme – here.
Liv-ex’s AWRS number is XXAW00000100721. To submit your AWRS number to Liv-ex, please contact [email protected].
New Liv-ex logistics services and price list
Everything you need to know about Vine’s award-winning logistics and settlement services can now be found in one document. It includes updates to Liv-ex Prime, such as price changes, and details on how you can integrate your stock management system with Vine to automate your processes. Download the full document here.
Liv-ex team
Harriet Parker ([email protected]) joined the Sales team in January, becoming part of a team of six Account Managers who are available to help you in any way they can; whether it is navigating the site, learning more about data feeds and Vine, or simply to talk about the market. Harriet joins us after returning from Hong Kong where she spent three years working in on-trade sales. Before that, she studied History at Durham University. She holds a WSET level 3, and her hobbies include travel, tennis and sailing.
Liv-ex in the news
Writing for Decanter, Jane Anson assessed the claims that ‘Bordeaux is back’, and looked at what this might mean ahead of 2016 En Primeur. Both Forbes India and Luxury London magazines published features on starting a wine cellar, while The Drinks Business published its full coverage of the Liv-ex Power 100 online.
Thank you for reading
We hope that you’ve found this edition useful. As always, you can keep up to date with developments as they happen by visiting the Liv-ex noticeboard. If you have any feedback or questions on this newsletter, please email [email protected] or call +44 (0)20 7062 8788.
